Marc Faber : We are half way into the decade, there are only five years left. As I told you, I personally do not rule out that the US stocks could go up somewhat more, but if you take a 5 to 10-year view, the investors will make more money in emerging economies than in the US. I believe that geopolitical problems are here to stay. I also happen to believe that the Middle East will blow up and whereas everybody was very positive about oil when it was trading around $100 a barrel and above. The same analysts now think it will go down to 20.

My guess is that the price of oil has an equilibrium price of between $40 and $60 and it will settle around that level eventually. Can it drop to $20 for a few days? Yes, it dropped to $32 in December 2008, but then rebounded very strongly. So a lot of things can happen. I would also say that the Chinese stock market, which performed even worse than India after 2006 relative to global markets, bottomed out last summer and we had a huge run-up in prices in the last three-four months of about 50% on the Shanghai A Index. A correction is due, but I believe that China will also join the club of money printers.

Also from Marc:

The US Economy weakening not strengthening